Insulet Reports Preliminary Q2 Revenue Of $488M (Est $460.275M), Up 23% Y/Y, Exceeds Guidance Range Of 15% - 18% In Constant Currency Due To Revenue Outperformance For All Product Lines
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Insulet Corporation reported preliminary Q2 revenue of $488 million, surpassing the estimated $460.275 million and exceeding their guidance range of 15% - 18% in constant currency. The strong performance was driven by high demand for Omnipod 5, leading to significant revenue growth and an increase in new customer starts both in the U.S. and internationally.
July 26, 2024 | 10:02 am
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Insulet Corporation's preliminary Q2 revenue of $488 million exceeded estimates and guidance, driven by strong demand for Omnipod 5. This indicates robust revenue growth and increased new customer starts in both U.S. and international markets.
The preliminary Q2 revenue of $488 million significantly surpasses the estimated $460.275 million and exceeds the company's guidance range. This strong performance is attributed to high demand for Omnipod 5, indicating positive market reception and potential for continued growth.
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